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Elon’s Twitter hell
Today, Explained
Elon Musk bought Twitter for 40 something billion dollars and happens to be arguably the richest man on earth, right? What does a billion a quarter mean to him? He has to pay a billion a year in interest on the debt he took on to buy Twitter. So that interest payment is paying over his head. All of his money, he has a lot of money. All that money is tied up in Tesla stock. If he wants to fund Twitter indefinitely, which I don't think he wants to do, he has to continually diminish his position in Tesla,. Which is a huge risk for Tesla, the company.
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